This amendment relates to the small cohort of temporary resident retirees who have been unable to progress to permanent residency due to the closure of that pathway for retirees.
From 17th November 2018 onward, holders or former holders of Subclass 405 (Investor Retirement) visa or a Subclass 410 (Retirement) visas on or before 8th May 2018 will now have access to permanent residency through Subclass 103 (Parent) visa or a Subclass 143 (Contributory Parent) visa, without the requirement to meet the balance of family test.
Applicants must maintain adequate health insurance until the permanent visa is granted, and meet the relevant health, character and other public interest criteria for the grant of the permanent visa.
The applicant must not have held another substantive visa other than a Subclass 405 or 410 in the intervening period.
Note: For Subclass 410 new spouse or de facto partner applicants of current visa holders will no longer be able to apply for that visa from 17 November 2018.
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